Cramer: Can't Be Jaded on These Techs

By

Jim Cramer

| Sep 4, 2013 | 7:24 AM EDT

When we look back at the evolution of the social-, mobile- and cloud-technology offerings of the last year, we should smile about the trajectory of many of the companies that have launched in that time. That's because these stocks have been incredible performers: LinkedIn (LNKD), which announced a huge secondary offering last night; Zillow (Z) which just got a gigantic new shareholder; and Yelp (YELP).

First consider LinkedIn. Here's a company that came public in May of 2011 at $45, and immediately went to $94, as the social-networking site had a ton of buzz about it. At the time, the opening was widely criticized as a throwback to the dot-bomb days, when people lost fortunes chasing dubious Internet companies without track records or even opportunities for profitability -- or, in some cases, even sales. Sure enough, the stock dropped to $60 six months later, and the chatter was that the site was just a fad -- and that there really wasn't any hope for long-term growth....525 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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